Many people have a complicated relationship with money. Hang-ups carried over from childhood experiences get mixed together with positive and negative experiences from adulthood. Few people ever take the time to reflect on what money really means to them and how they can “get right” with money to make smarter decisions. Take time to answer these 5 questions and you’ll do a better job of living your best life possible with the money you have.
Mission Wealth‘s co-founder and CEO, Seth Streeter, was recently interviewed by Blake Beltram in Wellness Revolutionaries, a new podcast that shines a light on the leaders of the Wellness Revolution – inspiring women and men focused on building a culture of wellness in America.
No matter how thorough our planning is, life inevitably tosses curveballs at us. Often these challenging moments are linked to major life transitions that affect our families, our careers, and our money. Balancing these variables can make arriving at the best decision that much more complicated.
Once the kids are moved out, it’s just you, your spouse, and whatever is still boxed up in extra bedrooms and the basement. Whether you’re looking for joy or just a little less space and stuff to manage, you might be thinking about decluttering and “downsizing” into a smaller home before you retire.
Mission Wealth Founder and CEO, Seth Streeter, was a recent guest on “Conversations With Maria Menounos” with host Maria Menounos. In the podcast “Taking on 2019 + Mindful Investing with Seth Streeter“, Seth teaches us how socially conscious investing can help make us happier and improve our health and relationships without sacrificing return. He also explains the ten dimensions of wealth and empowers us with the tools to connect our finances with our values.
This empty nest transition can be very emotional. And in some cases, like children who stay on your health insurance until age 25, the break isn’t as clean as it used to be. But this change should also be exciting! Here are some tips on how you and your spouse can stay positive and make the most out of all your new free time, all that new space, and hopefully, all that extra money.
Just like a good sailor learns how to maneuver the sails to catch the most wind, aligning what’s most important to you with your financial resources is the key to successful financial planning. So instead of asking yourself if you have enough money, or if you will run out of money, ask yourself a better question: Am I managing my money in a way that’s improving my life?
A popular online movement wants to make 40 the new 65. FIRE stands for Financial Independence Retire Early. The idea is that by working as hard as you can and saving as much as you can as soon as you enter the workforce, you can become financially independent and retire well before the traditional retirement age. It’s an appealing idea in theory, but in practice there are some major pros and cons to consider.
There’s a pretty good chance that your parents and grandparents retired just because they turned 65. Today’s retirement is a bit more complicated than that. While age is still an important factor, your ability to connect your financial resources to your lifestyle goals is what will truly determine if you’re ready to retire.
As your parents begin to settle into their final phase of life, their health, residence, and finances could become a factor in your retirement planning. This is especially true if you are the person your parents have tasked with settling their estates. There’s no simple way to tackle all the logistical and emotional challenges associated with caring for an aging parent. But these five steps can offer you the help you’ll need to make sure your parent is safe, cared for, and financially secure.